There are quite a lot of residents in Seattle looking for strong growth in 2017, and the city is poised to have a good year. This article explains how soaring credit ratings in a strong economy are fueling home buyers, and buyers must be aware of how the market will grow. There are three main factors everyone must be aware of, and each one plays a large part in the way the city will grow in 2017.
New York has seen record prices for over a year now, and large cities around the country are growing in value steadily. Seattle is one of the largest media markets in the country, and it brings with it a large real estate market. The city will naturally grow with the rest of the country, and everyone in the city will benefit from growing values as they sell.
#2: Buyers Are Willing To Make Purchases
Checking credit ratings, credit repair services and proper financial management allow buyers to make offers on homes readily. They are walking the city with pre-approval letters that help with shopping, and sellers know their buyers are capable of purchasing the house. Prices remain steady as sellers spend little time on the market, and buyers do not lose money paying for a home they do not want.
Credit reporting allows everyone to move on from a home quickly, and they are no longer left with a significant chunk of money they cannot afford. Credit reports remain stable, and each new buyer or seller is allowed room to shop. Quick turnover in the market helps keep prices up, and buyers who move into an area quickly force prices to rise sharply.
#3: The Area Is Beautiful
Seattle is alluring in every way as it attracts buyers to the area every year with its amenities, mountain background and a large city in which to play. The University of Washington is in the city, and there is a large market for Pac-10 sports.
The Seahawks and Mariners bring quite a lot of business to city, and there is pride in the city for its sports teams that is no found elsewhere. Everyone moving to the city gets sucked into its sports culture, and the home of Starbucks is not far away. The technology industry lives just above the city, and Canada is not far away. There is everything a family may want within minutes of the city.
Everyone moving to Seattle may take advantage of a growing credit market that ensures buyers and sellers are ready to make sales. There is nothing stopping a new buyer, and a seller may find their own new home moments after the contract goes out.
Having access to an MLS database can put you one step ahead of the the market in pursuit of a home. So what exactly is and MLS? MLS stands for “Multiple Listing Service” and it’s a database of homes or properties for sale. These databases typically populate major real estate listing sites like Realtor.com, Redfin.com and the many others you see online but don’t always hold all of what’s available in the market. Generally speaking, it’s always smart to work with a broker, since they have direct access to more listings and will help you jump on great opportunities.
So how do you navigate real estate listings, find the best deals, and win big? I’ll take you through a couple points below:
Have your ducks in a row
Simply put: get pre-qualified. This should be your first step if you’re seriously considering a home because it’ll impact your next moves in a few ways. Being pre-qualified means a lender has evaluated your financial picture, including income, debt, and assets and feels that you’re qualified for a home at a certain price. Sellers want to know you’re serious and have pre-qualified for a mortgage, and one step further, have a pre-approval letter from the lender as well. In very competitive markets, a buyer with a mortgage can be at a disadvantage compared to partial or all cash buyers. All cash deals are quick and easy and don’t involve outside lenders to help the buyer. So, the lesson here is to have that pre-qualification, and if you want to make yourself shine a bit brighter, a pre-approval letter from the mortgage company willing to back you financially.
Be in front of the pack
Coming across a fresh listing will hopefully put you ahead of the competition. But don’t think a quick pick up out of the gate will give you a great deal. New listings tend to be priced high, with the idea of a seller decreasing the sale price over time depending on buyer interest and comped properties in the area. However, there’s always a chance of properties priced far below their actual value! In a very competitive market, these little blips on the radar can happen, so a ‘shark’ like attitude is necessary when pursuing listings. Additionally, you never know the circumstances of the seller; there may be underlying reasons as to why they are pricing a home so low.
Be the last
So I first spoke of being ahead and now I’m talking about being last? I hope to not confuse you, but there’s a reason for this. According to a recent Forbes article, selling a home can take time, and could cause a great deal if isn’t sold in a timely manner. In some cases, sellers could own two homes, two mortgages, and a financial burden rising every month. Because of this, prices are lowered and good deals pop up. Ask your real estate agent to send over properties past 6 months on the market, with the hope of finding one of these great deals.
These are just a few ideas to consider when starting the search for a home. Having a real estate broker, a good idea of your financial situation, and an understanding of how to approach listings in the MLS database will set you in a solid place for finding a great home.
With the entire process of buying and selling a new home can be quite stressful in general, today’s fast-moving real estate market only adds an additional layer of pressure to both you and your family. Regardless of the state, county, or town you are looking into, there are useful ways to avoid pressure that may cause emotional or mental stress.
Millions of families across the country who are buying or selling their homes are experiencing the same sentiments and frustrations as you are. Below are some methods to alleviate stress and maximize efficiency during this huge life stage.
If you are a buyer in this market, you need to move fast after the home is sold and the new homeowner moves in. Working with a realtor will not only help you figure out what you want, but also how you can access information on a regular basis. Real estate agents are also great with regard to filtering through info related to property history, tax records, and other resources you may not of previously.
In the seller position, you need to have everything prepared before you actually move to your new home. Removing all unnecessary items, decluttering, and consolidating all your possessions in different areas. If you’re family lives in neighboring towns, it may be a good idea to stay with them if there is a time gap between moving out of your home and settling in the new one.
A challenging aspect of navigating the residential real estate market is undergoing inspections, the resolution process, and most of all, competing in offer situations across the board. Sellers should understand that hiring a realtor can help manage the buyer’s expectations, while also saving you money, time and energy during a process that can be fairly complicated without the right professional by your side.
Preparing in all the best ways possible will both ease your mind and wallet as you move from different stages of the homebuying process. It is also important to be completely upfront with your real estate agent through every stage so they can most effectively manage your price expectations, concerns, or other specificities you are looking for.
Before putting your home on the market this summer, there are several things to keep in mind in order to give the best impression to both potential homebuyers and real estate agents. Following the eight essential steps below will help you maximize success during the home selling process.
Whether it is adding some hanging wall flowers on the tree or applying a new layer of mulch in front of the house, little details can enhance the overall look of the. Basically, well-kept landscape signals to both buyers and guests that not only do the owners prize themselves
Prep the deck or patio
A deck or patio is definitely an important feature in a home, so assessing any way you can fix up tiny cracks or offering a new coat of paint can be a great way to improve your home’s aesthetic. If you haven’t already, you can dress the patio up with a new seating area, a few flower pots, or plants to make it look even nicer.
Keep up with clean-up
Ideally, outdoors are should be cleaned at least once a year with a power washer to remove any dirt on the exterior parts of your home. Walking through your yard and thoroughly evaluating what to keep/remove on your property is absolutely necessary.
Especially during the summer, taking the necessary steps to properly clean your windows is also a nice touch. Cleaning your windows to remove debris not only makes the house seem cleaner, but it also allows natural light to accent the internal beauty of your home.
Taking a rainy weekend to sift through clutter will also help you better prepare for when potential homebuyers and real estate agents come to visit the house. Not only is cleaning up clutter a great stress reliever, but it also allows you to get rid of items on a mass scale.
Also, connecting with your real estate agent to see what else should be done before putting your house in the market this season is ideal. She/he can provide insight on how to improve your home by focusing on overlooked tasks that may have escaped you.